Here’s Why the Founder of Cardano Is Looking to Build a Decentralized Twitter With Elon Musk

By Benzinga
April 19, 2022 Updated: April 19, 2022

In the latest development in Tesla Inc CEO Elon Musk’s Twitter Inc bid saga, Cardano founder Charles Hoskinson has told Musk that he’s willing to help him build a decentralized version of Twitter.

In a recent Tweet, Hoskinson said that he is willing to make a dispersed social media platform along with Musk if his decision to take over Twitter fails.

On Thursday, Musk presented a $43 billion offer to assume full control of Twitter, with the intent of taking the company private. The non-binding proposal came after the Tesla CEO took a 9.2 percent stake in the social media giant.

Musk’s offer has gathered both positive and negative reactions from the social media firm’s shareholders.

One key shareholder of Twitter, Saudi Prince Alwaleed bin Talal Al Saud has rejected Musk’s offer.

Also Read: Elon Musk’s Twitter ‘Soap Opera’ Will End In A Takeover: Dan Ives

By Bibhu Pattnaik 

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